SCHEDULE: Datasea Intelligent Technology Ltd. Executive Compensation Update

Datasea Intelligent Technology Ltd. reports on the issuance of restricted Class A Ordinary Shares to Fu Liu for compensation and accrued salary.

Summary

• This filing is an amendment to a Schedule 13D, updating information regarding beneficial ownership of Datasea Intelligent Technology Ltd.
• Fu Liu, a reporting person, received 150,000 restricted Class A Ordinary Shares on July 9, 2026, as additional quarterly compensation.
• Additionally, on July 9, 2026, Fu Liu received 89,862 restricted Class A Ordinary Shares as payment for accrued and unpaid salary from January 2026 to June 2026.
• These issuances were approved by the company's compensation committee and board of directors, respectively.
• As of October 23, 2026, Fu Liu beneficially owns 101,192,558 shares, representing 47.57% of the class of securities.
• This ownership includes 1,192,558 Class A Ordinary Shares and 2,000,000 Class B Ordinary Shares, with Class B shares convertible to Class A on a one-to-one basis.
• Class B shares carry 50 votes per share, while Class A shares carry one vote per share.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this filing as moderately positive, reflecting ongoing compensation and salary payments to a key executive, which indicates continued operational activity and commitment, but lacks significant strategic or financial performance revelations.

Positives

• The issuance of shares for compensation and salary indicates continued operational activity and commitment from management.
• Fu Liu's beneficial ownership of 47.57% suggests significant alignment with the company's performance.
• The compensation and salary payments were approved by the appropriate board committees, indicating adherence to corporate governance procedures.

Negatives

• The filing does not provide any new financial performance metrics or strategic updates.
• The information pertains to executive compensation and salary, which does not directly reflect the company's revenue or profitability.

Risks

• The concentration of voting power in a single individual (Fu Liu) could pose governance risks if not balanced by independent oversight.
• The reliance on restricted shares for compensation might indicate cash flow constraints or a strategy to conserve cash.

Future Outlook

No specific forward-looking statements or guidance are provided in this amendment.

Management Comments

• Fu Liu certifies that the information set forth in this statement is true, complete and correct.

Industry Context

StockSavvy.ai notes that this filing is typical for Schedule 13D amendments, focusing on changes in beneficial ownership and executive compensation, rather than broad operational or financial performance updates. It reflects standard disclosure requirements for significant shareholders.

Corporate Governance

Related Party Transactions

• The issuance of restricted Class A Ordinary Shares to Fu Liu for compensation and accrued salary constitutes a related party transaction, as Fu Liu is a key executive and significant shareholder.

Stakeholder Impact

• Shareholders: The issuance of shares for compensation dilutes existing ownership slightly but also reflects executive commitment. The significant voting control by Fu Liu remains a key factor.
• Employees: The payment of accrued salary ensures compensation for services rendered.
• Management: The compensation package reinforces the incentives for key executives like Fu Liu.

Next Steps

• Continued adherence to reporting requirements under Schedule 13D for any future changes in beneficial ownership.

Key Dates

Keywords

Datasea Intelligent Technology, Schedule 13D, Beneficial Ownership, Executive Compensation, Class A Ordinary Shares, Class B Ordinary Shares, Fu Liu, Restricted Shares